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Recent Editions

North America
Human Times
The Supreme Court has ruled in favor of the Trump administration, allowing it to proceed with plans to lay off tens of thousands of federal employees without Congressional approval. In an 8-1 decision, the justices lifted a previous order from U.S. District Judge Susan Illston, who had blocked the mass layoffs across more than 20 federal agencies. Justice Ketanji Brown Jackson dissented, arguing that Congress should have the authority to determine the size and function of federal agencies. The court said: “The Government is likely to succeed on its argument that the Executive Order and Memorandum are lawful,” although it did not address specific layoffs. The ruling comes amid ongoing litigation, but the justices are unlikely to reverse their decision. The layoffs could affect agencies such as Health and Human Services, which plans to cut 8,000 to 10,000 employees, and the Veterans Administration, which initially aimed to lay off 83,000 but has since reduced that number to about 30,000.
Full Issue
UK
Human Times
GPs will pilot a scheme replacing automatic sick notes with tailored support to help patients stay employed. Health Secretary Wes Streeting criticised the current approach as a “bureaucratic dead end,” noting that 93% of the 11m fit notes issued last year declared patients unfit without offering alternatives. Under the £64m WorkWell scheme, 15 regions will fund in-practice teams, including employment advisers and social prescribers, to assist patients. “We simply can’t afford to keep writing people off,” said Streeting, highlighting the pilot's aim to reduce economic inactivity linked to health issues. The initiative will include physiotherapy, counselling, and even gym memberships to support physical and mental health. It also empowers non-GP staff, such as occupational therapists, to issue fit notes, aiming to reduce GP workload and guide more people back into employment with appropriate accommodations.
Full Issue
USA
Education Slice
The Trump administration has filed a lawsuit against California, challenging state policies that permit transgender students to participate in sports teams that align with their gender identity. The lawsuit claims that the state's Sex Equity in Education Act violates Title IX, which prohibits sex-based discrimination in federally funded schools. The lawsuit states: “Despite Title IX's equal opportunity mandate, Defendants have adopted and implemented policies that force girls to compete against boys.” This legal action is part of a broader strategy by President Donald Trump and the Justice Department to threaten federal funding for educational institutions that do not align with their policies. Bill Essayli, the US Attorney for the Central District of California, criticized Gov. Gavin Newsom for not complying with federal mandates regarding women's rights in sports.
Full Issue
USA
Accountancy Slice
U.S. Rep. Emilia Sykes (D-OH) introduced the “Get Your Money Back Act” on July 9th to ensure the continuation of the IRS' Direct File tax filing program. This initiative aims to make the program available to all states, countering efforts by Republicans to terminate it. Ms. Sykes highlighted the program's success, stating: “My legislation would implement this successful program nationwide, improving everyone's experience with tax season.” In the 2024 tax season, Direct File assisted around 140,000 taxpayers in claiming over $90m in refunds and saving approximately $5.6m in tax preparation fees. However, Republican opponents argue that the program is redundant and not authorized by Congress, advocating for the existing Free File program instead.
Full Issue
Scotland
Legal Matters Scotland
The Scottish Government paid over £100,000 to Labour peer Baroness Kennedy of The Shaws KC to lead a review on criminalising misogyny, despite exceeding public-sector pay guidelines. Baroness Kennedy was paid £1,000 per day - more than double the recommended rate - for her work leading a group that proposed new legislation to tackle misogynistic behaviour, a project initially expected to cost £36,000 but ultimately totalling £143,668. Although her recommendations were published in 2022, the SNP Government announced in May it would not pursue the proposed legislation, instead opting to extend existing hate crime laws. The Government defended the appointment, citing Baroness Kennedy's expertise, while acknowledging the legislative time constraints and complexity of the issue.
Full Issue
North America
Legal Slice
Recent ethics disclosures from President Trump's legal nominees have unveiled significant partner draws at major law firms, including WilmerHale, Skadden, and Jones Day. These disclosures are crucial for identifying potential conflicts of interest as nominees prepare for key government roles. Notably, Brett Shumate, nominated to lead the Justice civil division, earned approximately $2.4m, representing clients like the U.S. Chamber of Commerce. Joseph Barloon from Skadden, set to be deputy U.S. Trade Representative, earned around $3.6m, with clients including Exxon and PayPal. Jay Clayton, nominated as U.S. attorney for the Southern District of New York, received over $6.7m since early 2024. These figures highlight the intertwining of high-stakes corporate interests and legal compensation, raising questions about potential biases in government roles.
Full Issue
Europe
Risk Channel
The UK’s position as a financial services leader is under threat, with a poll from the CRIF showing that almost half of senior financial professionals believe the UK’s dominance is declining and more than 40% would no longer consider the country a global leader in the industry. Over 30% of those polled said missed investment was driving the downturn. Analysis from KPMG shows that fintech investment fell by 27% to £7.9bn in 2024, from £10.1bn in 2023. Sara Costantini, regional director for the UK & Ireland at the CRIF, warned: "Without decisive action, new markets will continue to catch-up with and challenge London’s long-held crown as a leader in financial services."
Full Issue
North America
CFO Slice
A joint report by AICPA and Chartered Professional Accountants Canada highlights the growing role of accounting professionals in providing assurance for artificial intelligence (AI) systems. The report emphasizes that as AI technology proliferates across industries, the demand for transparency and accountability increases. "As the demand for transparency and accountability for AI systems grows, it is anticipated that more CPA firms will expand their assurance service offerings to include AI," the report states. However, challenges such as the lack of suitable criteria for assurance engagements and the evolving nature of AI systems complicate the process. The report suggests that CPAs should enhance their education in AI and collaborate with experts to shape governance and assurance standards, ensuring they remain integral to the evolving landscape of AI assurance.
Full Issue